On Jan. 06, George Amy divested U.S. $380,259 in shares of Terex Corporation. The Senior VP HR sold 10,000 shares at a price per share of $38.03. The transaction decreased this specific insider’s holdings to 116,137 shares worth around $4.47 million at present.
Barclays took its Terex Corporation [TEX] rating to the equivalent of an Equal weight from an Underweight, and the price target to $37, in a research note dated December 21, 2020. That figure represents around a -4.05% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with Barclays’s analysts upgrading the shares from “an Underweight” rating to “an Equal weight” rating in a research note to investors issued in late December. Meanwhile, Stifel had raised its rating on TEX to “Buy” from the earlier “Hold”, in a research note produced for clients December 15, 2020. In addition, there was an upgrade from KeyBanc Capital Markets on December 04, 2020. The rater changed TEX from “a Sector weight” to “an Overweight”.
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Is Terex Corporation [NYSE:TEX] a Good Buy Right Now?
It should be noted that TEX technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 88% Buy in the last week and compares with 100% Buy in the past month. Data from Terex Corporation’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.55 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.65 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.67 million shares.
TEX Price Performance
On Wall Street, Terex Corporation [NYSE:TEX] finished Thursday’s session up 0.50% at $38.50. The stock went up to $38.81 at the same session while its lowest single day price was $37.99. In the last five days, it saw a rise of about 10.28%, Terex Corporation shares gained by almost 10.35% since the beginning of the year. However, the share price has dropped to as low as -0.21% below its one year high. On 01/07/21, the company shares recorded $38.81, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $33.96. The company’s shares have inclined by 33.59% in the past year. The 50-day SMA achieved is $31.94 while the 200-day SMA is $21.79. Volume dropped to 0.4 million from 1.26 million in the previous session.
TEX Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 38.06 level, and in case of violation of this particular level, it will cause more drop to 37.61 level. On the upper level, 39.25 is still the key resistance. The stock may increase to the subsequent resistance at 38.88. The Relative Strength Index (RSI) pinned on the 14-day chart is 68.70, implying a neutral technical stance while the MACD stands at 1.66, meaning price will increase in the next trading period. Percent R indicator moved to 6.29%, implying bullish price movement. Stochastic %K at 76.25% suggest holding the stock.
What is the short interest in Terex Corporation?
Short interest in the Terex Corporation stock has plunged, decreasing by 90000.0 shares to total 2.44 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.35 million, data from Yahoo Finance shows. The increase of 3.69% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 4.71% of the overall float for the stock.
Terex Corporation’s Biggest Shareholders: Who Owns Terex Corporation [TEX]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 6,655,237 shares or roughly 9.60% of the outstanding TEX shares. This means their shares have reduced by -57,691 from the 6,655,237 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $187,421,877. Details in the latest 13F filings reveal that Pzena Investment Management LLC acquired their 2.09% stake valued at $186,283,619 while Fuller & Thaler Asset Management, cut theirs at $122,786,040. During the last quarter, Pzena Investment Management LLC raised 122,938 of its shares in Terex Corporation while Fuller & Thaler Asset Management, sold -194,823 shares. The TIAA-CREF Investment Management L’s holdings currently number 3,738,426 shares at $143929401.0. According to the firm’s last 13F report, Dimensional Fund Advisors LP shares in the company at filing stood at 3,508,063 shares, roughly $108,749,953.
TEX Earnings Forecast For The Current Quarter
Terex Corporation [TEX] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $755.93M and an earnings per share of $0.02 for Dec 2020. Looking further ahead, the company is expected to report revenue of $802.03M at an EPS of $0.05 for Mar 2021. The estimates represent downside of 11.40% and 2300.00% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
TEX Earnings Estimates For The Current Year
For the financial year, Terex Corporation [NYSE:TEX] is expected to bring in revenue of $3.05B. The returns are nearly $-1.3 billion lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.07, lower than that of FY19 by -$3.32. Estimates put this year’s earnings growth at -102.20%, 2,371.40% for the next, and at an annual -14.57% over the next 5-year period. As for sales, forecasts are for a decrease of -30.00% in the current fiscal year and a further 11.40% over the following year.
What are analyst thoughts on Terex Corporation?
Looking forward to the Terex Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Terex Corporation stock at $36.00 within the next 12 months, which represents almost -6.94 per cent growth from its previous closing price of $38.50. The highest analysts’ target for Terex Corporation stock projections is $45.00 and the lowest one is $23.00. Still, 17 analysts sharing their consensus rating for TEX stock in 2021 agree that it is a Hold.